Fed move lowers mortgage rates after Fed hike
The Fed’s aggressive inflation fight pushed rates up earlier but longer-term bonds rallied, pulling 30 year mortgages down from 8.90 to about 8.75 percent and 15 year loans to 8.24 percent. Some lenders offered even lower deals, while fixed rates eased despite higher short-term rates.
MENTIONED IN THIS ARTICLE
Fed
HSH Associates
Butler
HSH
PNC Mortgage Corp
Greenbelt
Keith Gumbinger
Gumbinger
Federal
Stocks Rise as Tech Leads Broad Market Advance
Shares extended gains on Wednesday with technology stocks leading and blue chips holding firm aided by late buying. The Dow rose 12.28 to 3732.89 as NYSE volume reached 337.60 million shares, buoyed by the Federal Reserve's inflation-fighting measures and expectations for future earnings outlook.
MENTIONED IN THIS ARTICLE
Federal Reserve
NYSE
Central Bank
Eastern to resume service as New Eastern Airlines
Court-appointed trustee Martin Shugrue outlined plans for a revived Eastern Airlines named New Eastern Airlines. The venture would use grounded fleet planes to serve eight cities at low fares, with potential growth to 200 daily departures in 13 cities within two years. Core hubs would be Atlanta Philadelphia and Indianapolis with affordable business travel options.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Eastern
Martin R. Shugrue
New Eastern Airlines
Atlanta
Philadelphia
Indianapolis
Southwest Airlines
Southwest to start Tucson service in October 1994
Southwest Airlines announced plans to begin eight daily flights from Tucson International Airport in October 1994. Vice president Ron Ricks said schedules and fares would be set later this summer. Morris Air will continue existing Tucson service until Southwest launches. About 35 people to be employed locally.
MENTIONED IN THIS ARTICLE
Southwest Airlines
Tucson International
Ron Ricks
Southwest
Tucson
Los Angeles International
Las Vegas
San Diego
Morris Air
Los Angeles
Oakland
Salt Lake City
IBM EduQuest lines for classroom use announced
IBM announced on Wednesday plans to market two new multimedia personal computers designed for education. The EduQuest Thirty-five is a basic system for individual or networked use, while the Fifty-five offers more advanced options and functions to encourage active learning with video sound text animation and graphics.
MENTIONED IN THIS ARTICLE
IBM
Dina Wins Approval to Merge Grupo Dina and Motor Coach
Grupo Dina and Motor Coach Industries Inc. announced an amended merger deal worth 337 million dollars. Both boards approved the stock-swap agreement under which Dina will acquire Motor Coach, a former Dial unit, after shares of the Mexican company fell below the initial range.
MENTIONED IN THIS ARTICLE
Motor Coach Industries Inc
Mexico
Consorcia
Grupo Dina
Motor Coach
Dial Corp
ViaTech aims high with crash tech sport gear
Tempe based ViaTech Inc a Simula spinoff works with inventors to turn advanced composites into high tech sports gear Running shoes with energy return spring like force and a 20 times speed boost arrow refining bow compact bike frames and a high altitude sleeping chamber are under development The Har ley of running shoes could retail around 300 with commercial availability by year end
MENTIONED IN THIS ARTICLE
Simula Inc
ViaTech
Simula
Tempe
Sca
Manna Howard Lindsay
Lindsay
Igor Gamow
University of Colorado At
Tortilla market grows beyond traditional bread providers
Tortillas, once a mom and pop staple, now drive a 1.8 billion industry in 1992 with 32 billion sold nationwide. Giant firms Nabisco and Tyson Foods join Cuatro Tempe makers in a surge aided by Hispanic population growth, fast adoption by restaurants, and low fat, low cost appeal. The Tortilla Industry Association hosts a seminar on safety and new tech as 115 members push expansion.
MENTIONED IN THIS ARTICLE
Irwin Steinberg
Nabisco
Tyson Foods
East Valley
Tempe
C.C. Foods
Mission Foods Corp
Dos Gringos
Rosarita Mexican Foods
Mesa
Steinberg
U.S
Taco Bell
McDonald’s
Mexico
Arizona
Texas
California
New Mexico
The
Tortilla Industry Association
Ex-employees sue Motorola over discrimination in downsizing
A group of 17 ex Motorola staffers at the Scottsdale plant filed racial and age discrimination charges with the EEOC linked to a May 1993 reduction in force. They formed REA2 to assist workers affected, while Motorola defends its layoff choices as non discriminatory and notes internal job reassignments and external job support efforts.
MENTIONED IN THIS ARTICLE
Motorola
Scottsdale
Maceo Gray
REA2
U.S. Equal Employment Opportunity Commission
U.S
Out of
Gray
EEOC
the Association
Also Mentioned on This Page
Associated Press
New York
Jim Antt
Bakersfield
Calif
Via- Tech Inc
Howard Lindsay
ViaTech Inc
Bob Reilly
Tribune
Ed Taylor
RIF
Bernadette Phillips-Garcia
Phillips-Garcia
P.O. Box
Nyse Index
Mut Nurs Rade
WalMart
At&t Corp
S&p
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